2 ms·
> Where do you live that it takes "months upon months" to close a sale? Usually the complaint is that the market moves so fast people have to make risky snap pu
by tablespoon 5y ago
> Where do you live that it takes "months upon months" to close a sale? Usually the complaint is that the market moves so fast people have to make risky snap purchasing decisions.
IIRC, when I bought my home, the closing date was about two months after we'd made the deal with the seller.
But that's not as long as it seems: there's stuff you have to do in that time, like getting the inspection done, haggling over any issues found, and getting ready to move in/moving out.
- nradov 5y agoBuyers frequently waive the inspection contingency in hot markets with limited supply. Sellers are more likely to accept offers with fewer contingencies.
- slezakattack 5y agoYou're not wrong. However, even if you make an all-cash offer and remove every single contingency, you're still looking at roughly 2 weeks minimum to close. You're making the assumption that title companies are competent (they are not) and move quickly (they do not). Wire transfer takes a few days, need to find a notary to sign all of the closing docs, and title companies are slammed with all of the other home purchases happening as well.
- cardiffspaceman 5y agoMortgage company's fax machine has 3-day queue!